NextEra CFO Pimentel Named CEO of Energy Resources Unit

NextEra Energy Inc. (NEE) named Armando
Pimentel as president and chief executive officer of its NextEra
Energy Resources unit. The unit is the largest wind-energy
producer in the U.S.

Pimentel was previously the Juno Beach, Florida-based
company’s chief financial officer and replaces Mitch Davidson,
who is leaving NextEra. Moray Dewhurst was named CFO and will
remain vice chairman and chief of staff, NextEra said in a
statement. All the management changes are effective today.

NextEra said in a filing it expects 2011 earnings,
excluding certain items, to be “toward the low end” of its
previously announced range of $4.35 to $4.65 a share. The
company was down 6 cents to $52.98 at 10:05 a.m. in New York
Stock Exchange composite trading.

The company said last week that it would purchase, with
General Electric Co., a 550-megawatt solar project in Riverside
County, California from First Solar Inc.